Vanguard Group Inc. Buys 221,598 Shares of Innovex International, Inc. (NYSE:INVX)

Vanguard Group Inc. lifted its holdings in Innovex International, Inc. (NYSE:INVX - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,263,005 shares of the company's stock after buying an additional 221,598 shares during the period. Vanguard Group Inc. owned about 6.34% of Innovex International worth $59,554,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Brandes Investment Partners LP increased its stake in Innovex International by 41.3% during the fourth quarter. Brandes Investment Partners LP now owns 6,304,068 shares of the company's stock worth $88,068,000 after acquiring an additional 1,841,686 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Innovex International by 1.9% during the 4th quarter. William Blair Investment Management LLC now owns 1,345,885 shares of the company's stock valued at $18,802,000 after purchasing an additional 24,944 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Innovex International by 18.3% during the 4th quarter. Fisher Asset Management LLC now owns 348,624 shares of the company's stock valued at $4,870,000 after buying an additional 53,930 shares during the period. Acuitas Investments LLC lifted its position in Innovex International by 56.1% in the fourth quarter. Acuitas Investments LLC now owns 240,309 shares of the company's stock worth $3,357,000 after buying an additional 86,382 shares during the last quarter. Finally, Bridge City Capital LLC boosted its stake in Innovex International by 31.7% during the fourth quarter. Bridge City Capital LLC now owns 197,328 shares of the company's stock worth $2,757,000 after buying an additional 47,518 shares during the period.

Innovex International Price Performance

Shares of NYSE:INVX traded up $0.39 on Thursday, hitting $15.66. 46,857 shares of the company's stock were exchanged, compared to its average volume of 420,339. The company has a market capitalization of $1.09 billion, a PE ratio of 11.11 and a beta of 0.78. Innovex International, Inc. has a 12 month low of $12.54 and a 12 month high of $20.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. The stock's 50 day simple moving average is $16.97.

Innovex International (NYSE:INVX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.21. The company had revenue of $250.69 million during the quarter. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on INVX shares. Pickering Energy Partners raised shares of Innovex International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Barclays increased their price objective on shares of Innovex International from $15.00 to $16.00 and gave the stock an "underweight" rating in a research report on Wednesday, March 5th.

Innovex International Profile

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.